Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.
XRP Weekly Price Analysis – August 19 The price has formed a “Double Top” chart pattern and the possibility of price declination is high provided $0.24 level does not hold. In case $0.29 support level holds, the price may break up the $0.33 resistance level and increase to test the $0.36 and $0.39 price level. […]
Key HighlightsEthereum faces rejection at $440, may continue selling presureEthereum has the chance of reaching its target price of $480 Ethereum ( ETH) Current StatisticsThe current price: $412.58Market Capitalization: $46,308,157,897Trading Volume: $12,328,754,634Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis August 19, 2020Ethereum is on a downward move as […]
Bitcoin’s (BTC) sensational bull rally has just hit a major obstacle after it failed to claim the $12,400 resistance. Prior expectations for a parabolic continuation has now been put aside as bulls recover from the brutal decline. The cryptocurrency market has shed about $13 billion from yesterday’s peak of $387 billion over the past 24 […]
It seems that after a short recharge, the markets have returned to the trends of recent months: outstripping growth in technology stocks, strengthening gold, and a falling dollar. The Nasdaq100 index hit its all-time highs to 11,300, up nearly 30% YTD and 70% from March bottom. At the same time, the S & P500 continues […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair is in a sideways move. Since June, the pair has been fluctuating between levels 0.6500 and 0.6700. The price is rising to retest the resistance line. The key levels are yet to be broken as the pair fluctuates. […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingItaly 40 is in a sideways move. The market is fluctuating between levels 19000 and 21000. Each time the price tests the resistance zone; the index will fall and resume the sideways move. Daily Chart Indicators Reading:The 21-day SMA […]
USDCHF Price Analysis – August 18 During the early European session, the USDCHF pair fell to fresh multi-year lows, around the 0.9030 marks, although few pips were tried to recover later. One of the main factors which continued to put pressure on the USDCHF pair was the heavily offered tone around the US dollar. Key […]
The Nasdaq 100 (NDX) climbed higher on Monday with the Dow Jones (DJIA) and S&P 500 (SPX) not far behind. The three major US indices have all recorded outstanding rallies in the past few weeks, however, it appears as though the momentum is starting to slow down as the impending market risk tone might diminish […]
S&P 500 Price Analysis – August 18 S&P 500 Futures await fresh clues to extend the early-European session run-up to the six-month top near the 3400 levels. The risk barometer currently takes rounds to 3390 levels after flashing the multi-day peak of 3388 levels. Major equity indexes in the US are trading mixed as US […]
